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Project S costs $ 1 5 , 0 0 0 , and its expected cash flows would be $ 4 , 5 0 0 per

Project S costs $15,000, and its expected cash flows would be $4,500 per year for 5 years. Mutually exclusive Project L costs $37,500, and its expected cash flows would be $11,100 per year for 5 years. If both projects have a WACC of 14%, which project(s) would be accepted?
A) Project S and Project L would be both accepted.
B) The information provided is not enough to make a decision.
C) Neither Project S or Project L would be accepted.
D) Project L would be accepted.
E) Project S would be accepted.
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